Journal Communications Inc.

Newly christened Tribune Media Co. completed the spinoff of Tribune Publishing Co. , which owns the Daily Press, on Monday afternoon, a process finalized by bank wires and stock distributions, setting the broadcasting and publishing businesses on separate paths. As stand-alone businesses, they are in pretty good company. From Rupert Murdoch's News Corp. to E.W. Scripps, the separation of broadcast and publishing assets is gaining momentum as traditional media seek to adapt to the fast-evolving digital landscape. An amicable corporate divorce is generally seen as best for both sides, streamlining them to compete against new media behemoths such as Google. Tribune Media and...

For the first time in 90-plus years, the Chicago Tribune is disconnected from the broadcast business.
Its corporate family has been broken up and the Tribune, the wellspring of an empire built on ideas and innovation, is no longer complemented by the...